Brisbane first homebuyers spend overseas relocation savings to buy home at auction

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Brisbane couple Tarni and Robert Duff had saved hard to make their dream of living and working overseas happen – and then COVID hit and their plans got cancelled. So, they turned their savings into the purchase of their first home instead.

The Brisbane couple saved hard to make their dream of living and working overseas happen – and then COVID hit and like many people their plans got cancelled.

“We had our savings for a goal to move overseas and the goal was no longer achievable so we pivoted to use it for a different objective,” Robert added.Tarni and Robert Duff bought their first home with savings meant for an overseas relocation. Picture: REAThe couple had sold off most of their possessions with the full intention of moving overseas and are now driving around in Tarni’s old car which they hadn’t sold yet – but they see this as a fresh start.

“We’re glad we’re out of the market,” Tarni laughed. “It’s been almost 12 months that we’d been looking. It was very competitive.” With bids starting from $600,000 at the auction, which lasted only three minutes, they managed to snag the property for $925,000 as the auctioneer quickly added $25,000 at a time.

Robert had done a property valuation of the place they bought, estimating between $913,000 and $931,000 for the property that landed right in the middle at $925,000.The auction attracted 84 groups of people and 16 registered bidders.

 

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Who gives a ****

Beautiful house 🏡 but a lot of money. I live 50 mins to the CBD on acreage and paid $650 K

But I doubt if you can still call Brisbane as affordable. House prices are crazy here & sometime does not make sense at all.

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